Australian Olives Limited v Stout [2007] FCA 1958

FEDERAL COURT OF AUSTRALIA

Australian Olives Limited v Stout [2007] FCA 1958 CORPORATIONS LAW – consideration of an application by a responsible entity of two registered managed investment schemes (among six schemes) for the propagation of olive trees and the production of olives, registered under the provisions of the Corporations Act 2001 (Cth) for an interim injunction to restrain the convening of a meeting of scheme members to consider extraordinary resolutions to remove the responsible entity CORPORATIONS LAW – consideration of Part 5C of the Corporations Act – consideration of those provisions relating to the methods of removing a responsible entity – consideration of the prohibitions upon an entity being chosen or appointed to act as a responsible entity of a registered managed investment scheme – consideration of the provisions relating to the appointment of a company to act as a responsible entity PRACTICE AND PROCEDURE – consideration of the extent of the prima facie case of a contravention of the Act and those factors influencing whether the discretion ought to be exercised in favour of granting an interim order Corporations Act 2001 (Cth), ss 9, 601EB, 601ED, Part 5C.3, Part 5C.4, ss 601FB(1), 601FA, 601FC(1), 601FD, 601FJ(2), 601FK, 601FM, 601FN, 601FP, 601PB(1), Part 5C.11, 913B, 914A(1), 914A(2), 912A(1)(b) Corporations Regulations 2001, Reg. 7.1.04A and Reg 7.1.04B Australian Broadcasting Corporation v O'Neill (2006) 227 CLR 57 Beecham Group Ltd v Bristol Laboratories Pty Ltd (1968) 118 CLR 618 National Exchange Pty Ltd v Australian Securities and Investments Commission (2004) 49 ACSR 369 Campomar Sociedad Limitada v Nike International Ltd (2000) 2002 CLR 45 Devereaux Holdings Pty Ltd v Pelsart Resources NL & Anor (1986) 4 ACLC 12 AUSTRALIAN OLIVES PROJECT NO. 6 (ARSN 107 866 259), AUSTRALIAN OLIVES PROJECT NO. 4 (ARSN 096 215 342), AUSTRALIAN OLIVES PROJECT NO. 5 (ARSN 103 920 190) AND AUSTRALIAN OLIVES LIMITED (ACN 078 885 042) v ANNE STOUT & ORS QUD355 OF 2007